Data Protection? Mere box-ticking is not the answer.

T-Mobile. TalkTalk. Multi-billion-dollar telecommunications companies that wish they had taken their data protection obligations more seriously.  I know from experience that many organisations view regulations such as the European Union’s General Data Protection Regulation (GDPR), as burdensome red tape; a ‘box-ticking’ exercise that holds them back from doing business. But, would you board a plane if you knew the pilot had just ticked off items on the checklist without paying an appropriate amount of attention? I doubt it. Likewise, I suspect most readers would not go into the operating theatre Read more…

Alphabet soup

LRIC, FAC, SAC… What do they mean? You could literally write a doctoral thesis about the different models used in economic regulation.  Academics in the field will likely shudder at the extent to which we boiled down the concepts in this piece, but that’s OK – the audience is not a conference for economic regulators, it is telecommunications entrepreneurs wishing to better understand some jargon.  There are three models that are in common (but not exclusive) usage in our experience. We shall give a quick overview of each; however, before Read more…

Dark Times Ahead? Maybe.

As a practitioner in the field of regulatory economics, there is one (and only one) guarantee I will ever give when talking about modelling or forecasting – that I’m wrong.  Granted, I sincerely hope that I am only ever slightly wrong, but there is no magic crystal ball. If there were, all regulatory economists would be living in penthouses or yachts.  Past performance is no guarantee of future success. Or so the caveat goes with every investment transaction you make. However, the past is a useful indicator of trends and Read more…

Forming a new company is easy, right?

The surprising answer to this is, YES. It is not often that you will find a professional services firm that suggests can do something yourself, but when it comes to forming a new limited company – you can. There are many services out there which guide you through the process for little more (and often no more) than Companies House’s £10 standard formation fee.   New ventures are often constrained for capital and the thought of spending that precious resource on professional advice before you even get started might seem like Read more…

Our Billing Process

Double-entry accounting should, in some cases, be called ‘double-effort’ accounting. In the case of receivables and payables, that’s true. Each invoice raised by a supplier needs to be entered at the other side by the customer… therefore any efficiency we make in how we raise them should also represent an efficiency in our client’s purchase ledger too. Broadly, we have two types of clients – those on a package or retainer, and those on a purely time and materials basis. Those on packages, such as the Platinum Tariff, presently receive Read more…

Early Adoption is Good!

I remember, way back in my early days in the tech sector, my mentor at the time saying “always stay a version behind“. Basically, his view was to let some other poor sods suffer the blood loss on the bleeding edge, and migrate in increments to stable versions.  The same often applies to regulatory matters. It pays to wait and see what others do – either because you might find a competitive advantage away from the pack, or because there’s safety in numbers in a collective position.  Here, I am Read more…